GE Vernova is the kind of spinoff that makes conglomerate breakup arguments much easier to defend. Then Wind shows up and reminds everyone why the breakup was necessary in the first place. The former GE power business reported a strong second quarter, raised full-year revenue and free-cash-flow guidance, and ended the quarter with a $176 billion backlog. Orders… Read More »
Update — June 29: Honeywell Aerospace has begun regular-way trading on Nasdaq under HONA after the completion of the Honeywell Aerospace spinoff. Honeywell Technologies continues under HON following the planned 1-for-2 reverse split. HONA is joining the S&P 500 and S&P 100, while Honeywell Technologies remains in the Dow Jones Industrial Average and the S&P 500. Honeywell Aerospace… Read More »
It’s been a few years, but here’s a new Spinoff Odds & Ends post, bringing you spinoff news that just doesn’t warrant its own article. Unilever’s Ice Cream Headache: Ben & Jerry’s vs. Magnum We have discussed Unilever’s(UL) The Magnum Ice Cream Company spinoff. They haven’t said so, but one of the reasons may be the untenable position… Read More »